Open Enrollment May 2020
Open Enrollment begins May 4th and continues through May 22nd (11:59 PM).
This is the magical time of year when you can make changes to your benefit plans. If you don’t take any action, you’ll automatically stay in the same medical, dental, and supplemental life insurance plans that you are currently enrolled in.
Make the following changes in PRISM (between May 4 – May 22). Your changes will be effective July 1, 2020.
- change, add, or drop insurance plans
- buy additional supplemental life insurance
- buy voluntary long-term disability insurance
- enroll in a flexible spending account (FSA)
- add or remove eligible dependents from insurance plans
What Must You Do During Open Enrollment?
→ Flexible Spending Account (FSA) participants must re-enroll during Open Enrollment
to if they need to replenish funds in an FSA for July 1st.
What’s New for July 1?
Medical insurance premiums are going up. Please review the FY21 Employee Rate Chart or the Premium Change Details.
Biweekly premiums are increasing for the Delta Dental Premium plan. Compare the standard and premium Delta Dental plans
Health Care Flexible Spending Account (FSA) – New Vendor
Beginning on July 1st, the County will have a new FSA administrator: Discovery Benefits.
ASIFlex will continue to accepts all receipts and reimbursements for FY 2020: for all expenses occurring between July 1, 2019 and June 30, 2020.
The IRS has increased the annual contribution limit for the Health Care FSA to $2,750.
Reminder: up to $500 of unspent funds in your Health Care FSA will automatically roll over from FY20 to FY21. Because of the transition from ASIFlex to Discovery Benefits, your healthcare rollover funds will not be immediately available.
Dependent Care FSA – County Reimbursement Increases
Participants in Dependent Care FSA can now get an increased reimbursement from the County. The County will reimburse employees for 50% of their Dependent Care FSA election, up to a maximum of $1,000 (prorated for part-time employees). Enroll in PRISM with the total amount you need for the entire fiscal year. PRISM will calculate the reimbursement and provide it in your pay slips after July 1st.
The out-of-pocket maximum (OOPM) protects you against catastrophic medical expenses. The OOPM is the most you will pay out-of-pocket during the calendar year for covered medical services. If you meet the OOPM, the medical plan pays 100% for the rest of the calendar year. The OOPM is tracked on a calendar year basis and resets to $0 every January 1st.
If you switch plans during Open Enrollment, this may impact what out-of-pocket maximum you must meet for the calendar year. For a better understanding, please review, What is an Out of Pocket Maximum?